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What is a Short-term Personal Loan?
A Short-term Personal Loan is a quick financing solution designed to help you meet urgent financial needs. Whether you require funds for medical emergencies, travel, wedding expenses, or unforeseen expenditures, this loan provides immediate relief with minimal documentation and quick disbursal. Short-term Personal Loans come with attractive interest rates and flexible repayment tenures. With a simple application process and fast approval, you can bridge financial gaps without long-term commitments.
Our Personal Finance Products
Enjoy affordable repayments and a flexible tenure with Aditya Birla Capital
Check your Aditya Birla Capital Personal Loan eligibility and get a collateral-free financial solution.
Features of a Short-term Personal Loan
Instant Loan Disbursal
Get quick approval and fund transfer to your account.
Flexible Repayment Options
Choose a tenure that suits your financial situation.
No Collateral Required
Receive funds without pledging any assets.
Attractive Interest Rates
Enjoy competitive rates to ease repayment burden.
Minimal Documentation
Experience hassle-free processing with basic KYC and income proof.
Eligibility for Short term Personal Loan
Eligibility Criteria for a Short-term Personal Loan
To avail a Short-term Personal Loan, you must meet the following criteria:
- Nationality You must be an Indian citizen.
- Age Your age should be between 21 and 60 years.
- Credit Score Your credit score should be 750 or above.
- Employment Type Salaried or self-employed individuals are eligible to apply.
Documents Required for a Short-term Personal Loan
Ensure a seamless loan application process by keeping these documents ready:
- Proof of Identity & Address Aadhaar Card, Passport, Voter ID, Driving Licence, or PAN Card (as identity proof only).
- Proof of Income Last 3 months’ salary slips and Form 16.
- Bank Statement Last 6 months’ bank statements showing salary credit details.
- Proof of Other Income (if applicable) Latest Form 16 or additional income proof.
How to Apply for a Short-term Personal Loan
Determine Your Financial Needs
Assess how much loan amount you require.
Check Loan Eligibility
Use the eligibility calculator to verify your qualification.
Calculate EMI
Plan your repayment using the EMI calculator.
Submit Documents
Upload identity, address, and income proofs.
Apply Online
Complete the application form and receive quick approval.
Fees and Charges for Short Term Personal Loans
| Charge Type | Amount |
|---|---|
| Cheque Return charges | ₹500 + GST per instance |
| Default Penal charges | 3% of the pending amount per month |
| Charges for cancellation of Loan | 4% of loan amount disbursed + applicable taxes |
| CIBIL report retrieval fees | ₹100 + GST per instance |
| Charge for Exchanging PDCs / ECS | ₹750 + GST per instance |
| Loan reschedule charges | ₹5000 + GST per instance |
| Stamp Duty | As per Actual if applicable |
| Insurance Premium | As per Actual, if applicable |
| Pre-closure Quote | ₹1000 + GST per instance |
| Any other charges | As per Actual, if applicable |
| Part - Pre-Payment Charges | Charges:
A) Nil Charges - If Part prepayment is equal to 20% of the total disbursed amount in a year B) 3% + GST on Remaining Loan amount - If part payment is greater than 20% of the total disbursed Conditions: A) No pre-payment is allowed in the first 6 months from the date of disbursement B) Part Pre-Payment amount should be equal to OR greater than a total of 3 EMIs. C) Part-prepayment is allowed only once in the first year of loan tenure. |
| Foreclosure Charges |
4% of the Principal outstanding amount + GST
Condition: Foreclosure is allowed only after 12 months from the date of loan disbursal. |
Customer Satisfaction Stories
Mr. Hiralkumar Ashokbhai Patel
Aditya Birla Finance Customer
Mr. Pramod Kumar Saini
Aditya Birla Finance Customer
Ashesh Shah
Aditya Birla Capital Limited
Mr. Baijnath Choudhary
Aditya Birla Capital
Mrs. Snehal Rajpure
Aditya Birla Finance Customer
Instant Personal Loan INSTANT PERSONAL LOAN SHORT TERM PERSONAL LOAN LONG TERM PERSONAL LOAN
Balance Transfer
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Reduced Interest Rates -
Lower Monthly Payments
Top-Up
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Comprehensive coverage
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Affordable with low premiums
ABC Of Personal Loans
*The interest rate constitute the rack rate for all customers. Actual interest rate for any customer and will be as communicated at the time of loan sanction and disbursal. It will be subject to changes from time to time and is at sole discretion of ABHFL.
**ABHFL reserves the rights to call upon additional documents at its discretion. The documents will be collected by ABHFL.
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Aditya Birla Capital LimitedAditya Birla Capital Limited (“ABCL”) is a listed systemically important nondeposit taking Non-Banking Financial Company (NBFC) and the holding
company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans,
Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 68,400 employees, the businesses of ABCL have a nationwide reach with over 1,740 branches and more than 200,000 agents/channel partners along with several bank partners.
Nationwide Branches
1,740
No. of Employees
68,400
Agents/Channel Partners
2,00,000+
Aggregate Assets
INR 5.91 Lakh Cr
Consolidated Lending Book
INR 2 Lakh CrCorporate Governance Policies
- Policy for appointment of Statutory Auditors
- ABCL NRC Policy
- Corporate Social Responsibility
- Fair Practices Code
- Internal Guidelines on Corporate Governance
- Familiarization Programme for Independent Directors
- Disclaimers
- Ombudsman
- Privacy Policy
- Trademark Policy
- Vigil Mechanism / Whistle Blower Policy
- Regulatory Disclosure
Financial and Debt-Related Policies
Business and Partnership Policies
- Outsourcing FAQ’s
- Press Releases
- Our Digital Lending Platform Partners
- ABCL List of active CLA Partners
- List of Third parties
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- Importance of Following Repayment Schedule
- Scheme of Amalgamation
- SEBI Disclosures
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- Archival Policy
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